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Global Clinical Research Firm Parexel to Be Acquired for $8.5 Billion

Published: Jul 06, 2021
By Vanessa Doctor, RN
Peter Macdiarmid/Getty Images
Global clinical research organization
PAREXEL International has agreed to be taken over from Pamplona Capital Management for $8.5 billion. Upon completion of the
merger, Parexel will be owned by EQT IX Fund and the private equity business within Goldman Sachs Asset Management.
Parexel is dually headquartered in Newton and Durham, North Carolina and specializes in developing new innovations in medicine to improve patient health. It engages in decentralized clinical trials, regulatory consultations, and leveraging insights from data. The definitive agreement is still subject to compliance conditions and other customary factors.
The merger with EQT, a global purpose-driven investment firm, adds to Parexel s pharmacological research capabilities. EQT has over € 67 billion (approx.. $79.2 billion) in assets under management spread out across 26 active funds. Its h ....

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Veeva, Parexel forge partnership to accelerate trials

Veeva, Parexel forge partnership to accelerate trials
(metamorworks/iStock via Getty Images Plus)
The trial technology provider and contract research organization will collaborate on tech and process solutions designed to accelerate clinical studies.
Clinical research organization (CRO) Parexel and trial tech provider Veeva Systems have announced a collaboration aimed at generating ways to accelerate clinical research through the application of technological advancement and process innovation.
According to the companies, part of the partnership will involve Parexel standardizing on Veeva’s suite of clinical operations applications, including Vault eTMF, Vault CTMS, and Vault Study Startup to streamline operations. Vault CDMS for clinical data management will also become a standard offering available from Parexel to its customers. ....

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Parexel and Veeva Partner to Accelerate Clinical Trials

Parexel and Veeva Partner to Accelerate Clinical Trials
Strategic collaboration to advance clinical trial technology and processes
DURHAM, N.C. and BARCELONA, Spain, April 15, 2021 /PRNewswire/ Parexel and Veeva Systems (NYSE: VEEV) today announced a strategic collaboration to accelerate clinical trials through technology and process innovation. The unique collaboration combines the best of each company s experience across thousands of studies worldwide - Parexel as a leading clinical research organization (CRO) and Veeva as the technology innovator powering trials - to improve study efficiency and get new therapies to patients faster.
As part of the partnership, Parexel is standardizing on Veeva s suite of clinical operations applications, including Veeva Vault eTMF, Vault CTMS, and Vault Study Startup to streamline operations. Veeva Vault CDMS for clinical data management will also become a standard offering available from Parexel to its customers. ....

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